From Newmax:

U.S. stocks are likely to plunge about 50 percent during the next two to three years, says Charles Nenner, president of Charles Nenner Research.

He sees the Dow Jones Industrial Average dropping to 5,000, as the U.S. economy endures a severe double-dip recession accompanied by deflation.

"Things look really bad for the next 10 years," Nenner told CNBC.

The downward pattern will be similar to...

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